After leaving Epic Records in May, L.A. Reid will be launching a new entertainment company next year. The company will consist of both a record company and publishing unit. Reid is currently recruiting talent and executives, including former colleagues, for his new business.

Reid, who founded LaFace Records with Kenneth "Babyface" Edmonds in 1989, was responsible for talents such as Usher, TLC, Outkast and Toni Braxton. During his six years at Epic Records, Reid signed notable acts such as Travis $cott, Future, 21 Savage, Meghan Trainor and Fifth Harmony.​L.A. Reid's time at Epic came to an end after a former female assistant filed a sexual harassment claim earlier this summer.